Schwab California Long Term Tax Free Bond Fund

Class No Load (SWCAX)
Scorecard
3 / 5 Stars
Lipper
5 5 4 5 1
Zacks Investment Research
2 (Buy)
Standard & Poor's
4 / 5 Stars
TheStreet.com
A+ (Buy)

#2 in Muni California Intermediate

U.S. News evaluated 16 Muni California Intermediate Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 1.20 percent over the past year, 5.38 percent over the past three years, 5.15 percent over the past five years, and 4.02 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 2.6%
1 Year 1.2%
3 Years (Annualized) 5.4%
5 Years (Annualized) 5.1%
10 Years (Annualized) 4.0%

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Summary

The investment seeks high current income exempt from federal and California personal income tax that is consistent with capital preservation. The fund normally invests at least 80% of its net assets in municipal securities the interest from which is exempt from federal and California personal income tax and federal alternative minimum tax (AMT). It may invest more than 25% of its total assets in municipal securities financing similar projects, such as those relating to education, health care, transportation and utilities and may also invest in municipal notes. The fund may invest up to 15% of its assets in below investment grade bonds.

Fees

Fees are Below Average compared to funds in the same category.
Schwab California Long Term Tax Free Bond Fund has an expense ratio of 0.49 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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See Also:

Top Schwab Funds Funds